Setting Up a Representative Office in VietnamSetting Up a Representative Office in Vietnam

Law firm in Viet Nam as professional advice in matters established representative offices of foreign traders, With a team of attorneys and experienced associates, we will give customers peace of mind about service quality as well as legal security, We help customers to save time to focus on his work international law firms in Vietnam

law firm in ho chi minh cityWhat are the functions of a representative office? .

With a representative office you can:

Do marketing and promotion activities for the parent company.

Sign business contracts on behalf of the parent company.

Hold exhibitions and open show rooms for your products.

Import necessary goods for promotion and marketing.

law firms in hcmc Generally speaking a representative office can do all of business activities that the parent company does except direct trading in Vietnam. All contracts must be signed by the parent company and all of the payment must go to the parent company law firms in saigon.

What are the advantages of a representative office?

With the representative office you will have the following benefits:

There is no company or corporate tax applied to the representative office. Only personal income tax for employees.

There is no requirement for a minimum amount of capital to run the Rep. office.

Either a Vietnamese or a foreigner can be the chief representative. If the chief representative is a foreigner, he/she can obtain a resident card which is valid for 2 or 3 years.

Every year there is only one report that is MUST be returned to the government. This is quite an easy task.

What are the procedures of setting up a representative office?

There are four steps that need to fulfilled to set up a representative office and operate legally:

Obtain the main license.

Submit the chief representative\'s income tax and labour declaration.

Obtain the operation license.

Obtain the representative office stamp

What should I plan before setting up a representative office?

Before setting up a representative office you should:

Decide who will be the chief representative, a Vietnamese or a foreigner.

Other items such as choosing the location of the representative office, recruiting staff etc., can be done after you get the main license.

What kind of documentation should I prepare for the application?

To process the application some basic papers are required:

A copy of your parent company\'s license in English or French. This copy MUST be notarized by your Ministry of foreign Affairs or a similar department.

A letter of appointment and a labour contract between the Parent company and the chief representative signed by both parties. These documents should declare the salary and the allowances for the chief representative, and MUST be also notarized by your Ministry of foreign affairs or a similar department.Vietnam investment consultingIncorporation Vietnam companySet up company in VietnamSetting Up a Representative Office in VietnamWork permit in VietnamVietnam residence cardVietnam company formationDebt collection lawyer in viet namEconomic dispute resolutionLegal vietnam company formationhttp://www.alexa.com/siteinfo/diathe.comThành lập văn phòng đại diện tại Việt NamDịch vụ thành lập văn phòng đại diện tại Việt NamCông ty luật Hoàn Nhất thực hiện thành lập VPĐD.